Symphony Finance is Live on Polygon
Symphony Finance’s yield generating limit orders are LIVE on Polygon!
Symphony Finance maximizes the total return using limit order + yield generation. The sell asset is deposited to a yield generating protocol like Aave, Mstable, Yearn, etc. This feature allows limit orders to earn yield for the time they are on the order book. The order creator receives the buy asset automatically when the order is filled. The orders are filled automatically by “Executors”. The executor receives a small fee for executing the orders as they have to bear the expenses for running the relayer service and transaction costs.
Stop-loss is another great feature that allows for minimizing risk in case the sell asset price goes below a certain price threshold. Symphony limit orders are obviously different from the traditional limit orders where the sell assets are not utilized while the order is on the order book.
How to use it?
Read the guide here.
What’s in it for early users?
For the community, we will be distributing retroactive SYM rewards for early users who create and execute orders.
To learn more about the protocol you can check out the docs here. Join on their community on Discord. To catch future updates follow Symphony Finance on Twitter.
